Proof in Recovery

Proof in Recovery

Closed: May. 2022

About this raise

Proof in Recovery, with a valuation of $8 million, is raising funds on Wefunder. The company is developing digital therapeutics that will help improve treatment and recovery for substance abuse patients. The technology platform of Proof in Recovery can also be used for remote patient monitoring to provide clinicians with the data to make informed care decisions. Proof in Recovery is led by a passionate team and has a revenue opportunity of $925 million. Zachary Ratliff founded Proof in Recovery in January 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for building the alpha version of the app, branding and website design, and development and expansion of digital therapeutic exercises.

Expand

Investment Overview

Invested this round: $59,426

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
01/31/2022
Close Date
05/27/2022
Min. Goal
$50,000
Max Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$6,000,000

Valuation Cap

$8,000,000

Discount

20%

Company & Team

Company

Year Founded
2018
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Chicago, Illinois
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Zachary Ratliff
Title
CEO
Founder Name
Deana Wilson
Title
COO
Founder Name
Christine Schneider
Title
Chief Clinical Officer

Financials

 Revenue
$49,000
 Monthly Burn
$3,323
 Runway
0.7 months
 Gross Margin
50%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$49,000

$0

COGS

$24,500

$0

Tax

$450

$0

 

 

Net Income

$-39,875

$-2,242

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,395

$427

Accounts Receivable

$49,000

$0

Total Assets

$51,395

$427

Short-Term Debt

$24,500

$0

Long-Term Debt

$40,000

$25,000

Total Liabilities

$64,500

$25,000

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
05/27/2022 Wefunder $8,000,000 $59,426 SAFE Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Proof in Recovery on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $8,000,000

Follow company

Follow Proof in Recovery on Wefunder 2022

Buy Proof in Recovery's Deal Report

Warning: according to the close date for this deal, Proof in Recovery may no longer be accepting investments.

Proof in Recovery Deal Report

Get Kingscrowd's comprehensive report on Proof in Recovery including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Proof in Recovery is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Proof in Recovery deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge